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19:56
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Originally posted by Robboj:
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yes i agree. There are so many ways to lower your tax burden. Self managed super. Trusts. Income splitting. To name a few. Believe it or not there are some that play the game fairly and they are then punished with tax rates of 47% plus medicare levy. Some people dont even put their super into retirement mode when they retire. There are all all sorts of reasons for the above. My reason is i like to play fair and pay my share.
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Simplest and fairest is to do away with all taxes and levies and have a higher GST phased in over a period of time to allow the system to rebalance and increase newstart etc to take this into account.
